By Craig Toberman, Guest Writer

Retirement is a significant milestone for any physician, and it presents distinct challenges and considerations for those who own a private practice. As a fee-only financial advisor in St. Louis, I know that physician owners can ensure a smooth transition with thoughtful planning and risk management, preserving their professional legacy and financial security.

With the additional expertise of MEDPLI Insurance Services CEO Max Schloemann, a leading independent medical malpractice insurance broker, this guest post offers essential exit strategies for private practice physicians. We highlight key strategies that minimize financial, medical, and tax liabilities throughout the transition process so you can retire stress-free.

 

Step #1: Start Planning Early

Physicians who develop their exit strategy several years in advance are better positioned to optimize the valuation of their practice and manage complex issues thoughtfully. Delaying this process can lead to rushed decisions, overlooked details,

Keep reading this article on The White Coat Investor.

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